Form 4: IDT Corp Chairman Howard Jonas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Howard Jonas, Chairman of IDT Corp, reports changes in his beneficial ownership of Class B Common Stock due to gift transactions.
Summary
- On May 16, 2024, Howard Jonas, Chairman of IDT Corp, reported changes in his beneficial ownership of the company's Class B Common Stock.
- He gifted 10,884 shares of Class B Common Stock.
- He also gifted 211,269 shares of Class B Common Stock.
- Following these transactions, Jonas directly owns 0 shares and indirectly owns 211,269 shares through his wife.
- He also indirectly owns shares through various trusts, holding companies, and a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting changes in ownership due to gifting. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, as it reflects a redistribution of shares from the Chairman to other entities.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the reported transactions (gifting of shares). |
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